The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (2571)	12/6/1998 9:08:00 PM
From: SteveDavis	Read Replies (1) of 90042

Tim I live in Houston and we have not begun to see the effect of the Exxon/Mobil deal. This will have a drastic impact on the oil market for years to come. They are saying we can't get anymore for our oil so we have to combine and cut cost. The SAUDIS are asking for financial assistance and are going to float a large bond program. IMO, we will see below $10 barrel in the near future. I love MRL and GLM but I think they are going to be struggling to stay afloat for the short term. There is no room at the storage facilities in Oklahoma for any more oil. You will see the drillers start to really shut down with large layoffs. No drilling-no profits!!! You might get a pop, but be very careful. Steve

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